The global radiation-hardened electronics market in terms of value accounted for $1.60 billion in 2019 and is expected to show a growth rate of 3.90% during 2020-2025 to reach a market size of $1.93 billion by 2025. The radiation-hardened electronics market has witnessed a high growth rate owing to the extensive demand from radiation hardened components for space, medical, and nuclear power plants. Innovations such as the development of cost-effective and reliable components and services are anticipated to enable the radiation-hardened electronics market to reach a wider segment of consumers in the industry.

Report Overview: https://bisresearch.com/industry-report/global-radiation-hardened-electronics-market.html

Radiation-hardened electronics have gained widespread importance in the recent past owing to their increased advantages in space, military, nuclear power plants, and harsh environment applications. The market for radiation-hardened electronics segmented by microprocessors and controllers component accounted for the largest market, as these electronics are the key components for software-based data acquisition and simple controlling applications with higher flexibility and capability compared to pure hardware solutions.

Region-wise, the Asia-Pacific radiation-hardened electronics market is likely to grow at a high CAGR of 4.53% during the forecast period owing to the growing use of radiation-hardened electronics in small satellites in the region for various applications such as earth observation, navigation, and communication. China, India, and Japan are some of the major countries driving the growth of the radiation-hardened electronics market in Asia-Pacific. The focus of developing countries to suffice their rising power consumption through nuclear power plants will also provide market opportunities.

The rad-hard by design segment dominated the radiation-hardened electronics market with the market size of $866.0 million in 2019 and is projected to reach $1027.0 million by 2025, registering a CAGR of 3.59% between 2020 and 2025. The growth in the radiation-hardened electronics market segmented by design is mainly attributed to the radiation hardness that can be applied to resist any material systems. Moreover, despite being expensive and time-consuming, it is, in some cases, the only solution for electronic devices for orbital and deep-space missions.

The microprocessors and controllers segment dominated the global radiation-hardened electronics market with a share of approximately 24.35% in 2019. Its market size was valued at $390.3 million in 2019 and is projected to reach $470.4 million by 2025, registering a CAGR of 3.87% between 2020 and 2025. The growth in microprocessors and controllers is mainly attributed to increasing advancements for increased efficiency and capabilities of microprocessor technology. The discrete semiconductor accounted for the second-largest share of 17.71% in 2019, owing to its capability of handling higher power loads.

Obtain the Sample Report at: https://bisresearch.com/requestsample?id=1058&type=download

The space end-user segment is leading the global radiation-hardened electronics market, with the highest market revenue of $1,132.4 million generated in 2019. The space end-user segment is expected to maintain its market dominance in terms of revenue generation during the forecast period. This segment is witnessing an increase in the research and development (R&D) activities to technologically advanced electronics for various applications such as navigation, provision of global wireless internet systems, and telecommunication.

About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

BIS Research offers syndicate as well as, custom studies, and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.

BIS Healthcare vertical offers intelligence in the healthcare technology market for Medical Devices, Digital Health, Life Sciences, Robotics and Imaging, Information Technology, Precision Medicine, and other emerging healthcare technologies, covering the entire industry spectrum. In the past 5 years, BIS Healthcare has published more than 50 reports under the precision medicine banner. Additionally, BIS Research has been nominating Top 25 Voices in Precision Medicine on its Insight Monk platform for the past two years successfully.

Contact:

Bhavya Banga
Email: [email protected]
BIS Research Inc.
39111 PASEO PADRE PKWY STE 313,
FREMONT CA 94538-1686
Visit our Blog @ https://blog.bisresearch.com/
Connect with us on LinkedIn @ https://www.linkedin.com/company/bis-research
Connect with us on Twitter@ https://twitter.com/BISResearch